The Companies (Acceptance of Deposits) Amendment Rules, 2002

MINISTRY OF LAW JUSTICE AND COMPANY AFFAIRS
(DEPARTMENT OF COMPANY AFFAIRS)

NOTIFICATION

New Delhi, The 4^th February, 2002

G.S.R. 77(E). –  In exercise of the powers conferred by section 58A read with section 642 of the Companies Act, 1956 ( 1 of 1956),  the Central Government, in consultation with the Reserve Bank of India, hereby makes the following rules further to amend the Companies (Acceptance of Deposits ) Rules, 1975, namely :-

1.(1) These rules may be called the Companies ( Acceptance of Deposits ) Amendment Rules, 2002.

(2) They shall come into force on the date of their publication in Official Gazette.

2. In the  Companies ( Acceptance of Deposits ) Rules, 1975,–

(a) in rule 3, in sub-rule (1), in clause (c) for the words ” fourteen per cent”, the words ” twelve and a half  per cent” shall be substituted;

in the Form, in part I, in item 2, in sub-item (b), —

(A) in entry (vi), for the figures “14,” the figures “12.5” shall be substituted;

(B) in entry (vii), for the figures “14,” the figures “12.5” shall be substituted;

(C) in entry (viii), for the figures “14,” the figures “12.5” shall be substituted;

(c) in item 4, in sub-item (b), —

(A) in entry (vi), for the figures “14,” the figures “12.5” shall be substituted;

(B) in entry (vii), for the figures “14,” t  he figures “12.5” shall be substituted;

(C)in entry (viii), for the figures “14,” the figures “12.5” shall be substituted.

(F.No. 5/12/2001-CL.V)

RAJIV MEHRISHI

Joint Secretary

Footnote : The Principal rules were published vide G.S.R. 43(E) dt. 3-2-1975,in Part II, Section 3, Sub-section (i) of the Gazette of India (Extraordinary) dated 3-2-1975, subsequently amended by Notifications No :-